Annual report pursuant to section 13 and 15(d)

STATEMENTS OF OPERATIONS

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STATEMENTS OF OPERATIONS (USD $)
 12 Months Ended 83 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
STATEMENTS OF OPERATIONS [Abstract]      
REVENUE         
OPERATING EXPENSES:      
General and administrative expenses and taxes 423,000 291,000 815,000
LOSS FROM OPERATIONS (423,000) (291,000) (815,000)
OTHER INCOME (EXPENSE)      
Interest income - Trust 30,000    30,000
Interest expense - related party    (2,000) (11,000)
TOTAL OTHER INCOME (EXPENSE) 30,000 (2,000) 19,000
NET LOSS $ (393,000) $ (293,000) $ (796,000)
BASIC AND DILUTED NET LOSS PER SHARE $ (0.03) $ (0.04) $ (0.09)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED 12,500,000 8,168,000 8,929,000